Nano Nuclear Energy (NASDAQ:NNE) Earns Buy Rating from HC Wainwright

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $50.00 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 36.44% from the company’s previous close.

Separately, Benchmark lifted their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Stock Up 5.3 %

NASDAQ:NNE traded up $1.86 on Wednesday, reaching $36.65. 7,461,966 shares of the company’s stock were exchanged, compared to its average volume of 7,159,858. The business has a fifty day moving average of $27.36 and a 200-day moving average of $19.43. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. Analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $76,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $200,000. Fulton Bank N.A. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $213,000. Finally, Financial Advocates Investment Management acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $219,000.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.